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The following information is available for equipment: Cost (purchased on 1/1/X1) $200,000 Expected Useful Life 5 years Estimated Residual Value $10,000 Assume that the double-declining

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The following information is available for equipment: Cost (purchased on 1/1/X1) $200,000 Expected Useful Life 5 years Estimated Residual Value $10,000 Assume that the double-declining balance method is used. The asset's book value at the end of year three (12/31/X3) is: A. $10,000 B. $41,040 C. $43,200 D. $56,000 E. $190,000

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